The institution was established in 2002 as Edu Loan Namibia. In August 2008, Letshego Holdings Limited (LHL), a Botswana Stock Exchange (BSE) listed entity, acquired majority shareholding in Edu Loan. The company re-branded to Letshego Financial Services Namibia, to reflect its shareholding. In July 2014, Letshego Namibia was awarded a provisional banking license, which allowed them to make salary loans, with installment loan payments deducted directly from the borrower's paycheck by the employer.[2] In July 2016, the bank was granted a full unrestricted banking licence.[3]
The headquarters of the bank are located at 18 Schwerinsburg Street, in Windhoek, the capital and largest city in Namibia. The bank maintains a total of 15 branches in various urban centers in the country, as at August 2016.[4]
Letshego Bank Namibia is a 100 percent subsidiary of Letshego Holdings Namibia Limited (LHN). The shares of the stock of Letshego Holdings Namibia Limited are traded on the NSX, under the symbol: LNH. As at December 2022, the shareholding in the group's stock was as depicted in the table below:[5]
